Beware the Nursing Home Bandit

Elder financial abuse victim who gave power of attorney to daughter

I’ve never met anyone who was a victim of elder financial abuse.

That’s the nature of the problem.

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Update – Powerful Power of Attorney

Elder financial abuse victim who gave power of attorney to daughter

It’s almost a year since I met with Daniel. He wrote me recently with a detailed update on the story about his elderly mother and scheming sister Amy.

Abuse of her power of attorney

Their late father’s estate was opened and slammed shut by the Probate Court because Amy claimed Dad had more debts than assets and no joint bank accounts. But Daniel says he’s got evidence to prove that Amy blatantly misused her power of attorney to channel money to herself, and their parents had joint checking accounts for many years.

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Would You Loan Your Family Money, Even If You Knew They Lied?

 

Lying woman wants to borrow money

The following blog post is part of the The Road to Financial Wellness  Blog Tour. Over a period of 30 days, the Phroogal team will go to 30 locations to raise awareness about financial empowerment. On June 6 they will be in the Washington D.C. area! Our goal is to help people learn about money by starting the conversation. We understand that local conversations can help bring about national awareness.

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I met William when he was doing plumbing repairs at my home. I’ve got an old house, so plumbing issues crop up periodically. We started talking and he told me about his dysfunctional childhood.

(It always amazes me when people tell me such intimate details about their lives, and not just about money.)

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